Announcement

2024 SOC 2 Type 2 Audit: A Team Effort and Major Success

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‍We are happy to announce the successful completion of our 2024 SOC 2 Type 2 audit! This year’s audit resulted in a 78% improvement over last year, marking a significant step forward in our application of security best practices. The auditors did note two exceptions, or areas for improvement, on the report but we are happy to say these have already been addressed and mitigated. The audit process was notably smoother and more efficient, thanks to the hard work and commitment of the many people involved.

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‍Why SOC 2 Matters:Engaging in annual 3rd-party SOC 2 audits is a critical part of our security strategy. These audits hold LVT accountable to expected security standards and practices which are verified by an independent, trusted source. Additionally, a successful SOC 2 report is a powerful sales enablement and marketing tool, as it provides prospective customers with a 3rd party attestation of our commitment to protecting their data.

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‍What's Next?Our goal:  To successfully complete the 2025 SOC 2 audit with zero exceptions.To help achieve this we are implementing a new compliance tool (Drata) that will automate much of the control tracking and evidence collection process.  We will also be meeting regularly with the teams and individuals whose areas of responsibility are in scope of the audit to ensure we are completely ready to demonstrate compliance.Thank you to everyone who contributed to this outstanding achievement and who continue to help ensure our compliance to SOC 2 —you truly exemplify our core values.